Apollo Global Management (NYSE:APO – Get Free Report) had its target price cut by equities research analysts at UBS Group from $163.00 to $160.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. UBS Group‘s price objective points to a potential upside of 37.01% from the stock’s current price.
A number of other equities analysts have also recently issued reports on APO. Wall Street Zen raised shares of Apollo Global Management from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Bank of America lowered their target price on Apollo Global Management from $163.00 to $161.00 in a report on Monday, October 5th. The Goldman Sachs Group dropped their price target on Apollo Global Management from $154.00 to $148.00 and set a “buy” rating on the stock in a research report on Friday, October 2nd. Jefferies Financial Group reduced their price objective on Apollo Global Management from $138.00 to $127.00 and set a “hold” rating for the company in a research report on Tuesday, October 6th. Finally, Morgan Stanley lowered their price objective on Apollo Global Management from $150.00 to $149.00 and set an “overweight” rating for the company in a research note on Wednesday. Thirteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $145.68.
View Our Latest Analysis on APO
Apollo Global Management Stock Performance
Shares of NYSE APO traded down $0.49 during trading on Thursday, reaching $116.78. The stock had a trading volume of 3,319,427 shares, compared to its average volume of 3,667,484. Apollo Global Management has a one year low of $99.56 and a one year high of $153.29. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70. The stock has a market cap of $68.96 billion, a PE ratio of -63.81, a P/E/G ratio of 1.10 and a beta of 1.51. The firm’s 50 day moving average price is $120.79 and its two-hundred day moving average price is $122.95.
Apollo Global Management (NYSE:APO – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). The business had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.65 billion. Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%. During the same period in the prior year, the firm earned $1.92 EPS. On average, research analysts forecast that Apollo Global Management will post 7.96 earnings per share for the current fiscal year.
Insider Activity at Apollo Global Management
In other news, CFO Martin Kelly sold 3,000 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $140.84, for a total value of $422,520.00. Following the completion of the transaction, the chief financial officer owned 396,533 shares of the company’s stock, valued at approximately $55,847,707.72. This represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Whitney Chatterjee sold 7,339 shares of the firm’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $117.83, for a total value of $864,754.37. Following the transaction, the insider directly owned 129,151 shares in the company, valued at $15,217,862.33. This trade represents a 5.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 8.30% of the stock is owned by company insiders.
Institutional Investors Weigh In On Apollo Global Management
Several institutional investors have recently bought and sold shares of APO. Continuum Advisory LLC bought a new stake in shares of Apollo Global Management during the 2nd quarter worth about $30,000. Keating Financial Advisory Services Inc. bought a new stake in Apollo Global Management during the second quarter worth approximately $31,000. Avion Wealth lifted its position in Apollo Global Management by 159.2% in the third quarter. Avion Wealth now owns 267 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 164 shares during the period. Fairscale Capital LLC acquired a new stake in Apollo Global Management in the third quarter worth approximately $32,000. Finally, N.E.W. Advisory Services LLC bought a new position in Apollo Global Management during the 2nd quarter valued at $38,000. Institutional investors and hedge funds own 77.06% of the company’s stock.
Apollo Global Management News Roundup
Here are the key news stories impacting Apollo Global Management this week:
- Positive Sentiment: JPMorgan Chase raised its price target on Apollo, offering a counterpoint to recent analyst reductions. The available report does not specify the new target. Article: Apollo Global Management Stock Gets Price Target Increase from JPMorgan Chase
- Positive Sentiment: UBS and Argus both maintained “buy” ratings despite lowering their targets: UBS cut its target from $163 to $160, while Argus reduced its target from $160 to $140. Their continued buy ratings indicate both firms still see potential upside from the referenced $116.78 share price. Read More. · Read More.
- Neutral Sentiment: Apollo and Goldman Sachs are reportedly seeking buyers for a roughly $40 billion SpaceX AI-chip financing deal. The potential transaction could create financing opportunities, but it remains a reported effort to place the deal, not a confirmed completed investment. Article: Goldman, Apollo in talks to sell SpaceX’s AI deal
- Neutral Sentiment: Nvidia is reportedly interested in Apollo’s struggling telecom sites as potential data-center locations. A sale or other deal could help monetize the assets, though no agreement was reported. Article: Nvidia Eyes Apollo’s Struggling Telecom Sites
- Negative Sentiment: RBC issued a pessimistic forecast, while Keefe, Bruyette & Woods and Barclays lowered their expectations for APO. Together with the Argus and UBS target cuts, the revisions point to more cautious analyst sentiment, even as some firms retain buy ratings. Read More. · Read More. · Read More.
- Negative Sentiment: A report highlighted a 6.7% one-session decline in Apollo shares, underscoring recent volatility; the article listing did not identify a specific cause for that drop. Article: Apollo Global Management Drops 6.7%
Apollo Global Management Company Profile
Apollo Global Management is a global alternative asset manager that provides investment management and retirement services. Its investment strategies span private equity, credit and real assets, including infrastructure, and it serves institutional and individual investors.
The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan. It has since expanded its investment businesses and retirement-services operations, including through Athene, its retirement services platform.
Apollo operates across global markets and is led by co-founder Marc Rowan, who serves as chief executive officer.
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